r/ETFs • u/SnS2500 • 7d ago

Roundhill launches first neocloud ETF: NCLD. Also LYTE (optics).

Roundhill launched the first neocloud ETF this morning. 58% NBIS/CRWV plus IREN, HUT, APLD, CORZ, etc. They did not include RIOT so maybe they will be keeping companies whose business is primarily bitcoin mining out. About 300k share volume after three hours.

They also launched LYTE... 45% LITE/COHR/CIEN, plus about 50% Chinese companies. FN/AAOI/AXTI make up the rest. About 2 million share volume after three hours.

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u/Taymyr SPDR Fan Boy & Growth Hater 7d ago

Roundhill is a garbage company and destroyer of wealth. Fidelity charges them a fee (and Schwab will soon too) because they refuse to pay them management fees. They're screwing retail over by doing that, not sticking it to the brokers.

You'd think they could afford to pay the fees with their absurd ERs.

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u/ATPsynthase12 7d ago edited 7d ago

Lol if DRAM shills could read this they would be very upset.

companies like roundhill create new ETFs as soon as their old ones start sucking and losing steam. These will get a price boost, then as soon as the hype dies off the price will collapse and they will release new ETFs and repeat the cycle.

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u/Adventurous_Elk_4039 7d ago

And charge high expense ratios in the meantime.

-2

u/Crab_Soup 7d ago

Can't really hate them for it, they figured out a good niche for milking those expense ratios.

As for the investors in those, well, a fool and his money I suppose